Slovakia Inflation July 2020

Slovakia

Slovakia: Inflation falls for fifth consecutive month in July

August 13, 2020

Consumer prices edged up 0.10% over the last month in July, bouncing back from June’s 0.10% drop. July’s increase reflected greater price pressures for transport, restaurants and hotels and recreation and culture, outweighing falling prices in divisions of food and non-alcoholic beverages, alcoholic beverages and tobacco and clothing and footwear.

Inflation dipped for the fifth month running in July to 1.7%, from June’s 1.8%. Meanwhile, the trend remained stable, with the annual average inflation coming in at June’s 2.5% in July. Finally, harmonized inflation was also unchanged at last month’s 1.8% in July.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2020, which is unchanged from last month’s estimate, and 1.6% in 2021.


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Slovakia Inflation July 20 20

Note: Month-on-month and year-on-year variation of consumer prices in %.
Source: Statistical Office of the Slovak Republic (SOSR).


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